Answer: B
Explanation:
A vertical integration is where a company owns another company in the same production line.
For example a company that bakes bread has a farm where wheat is cultivated, a marketing company and retail locations for the sale of the bread.
The advantages of Vertical integration include:
a. It reduces costs.
b. It increases efficiency.
c. It gives the firm greater control of the production process.
A major disadvantage of vertical integration is it requires huge capital outlay.
The main feature of this lesson is the equation P(x) = R(x) - C(x). Other important equations to remember are as follows: The breakeven point is when revenue equals cost, or when the profit is zero. Maximum profit will occur when marginal revenue equals marginal cost, or when the marginal profit is zero.
<h3>The unemployment created by introduction of automatic elevators would be considered as structural
</h3>
Explanation:
Structural unemployment is a longer-lasting type of unemployment that is induced by structural economic changes and aggravated by external influences like technology, rivalry, and government policy.
Structural unemployment will last for decades and typically needs to reverse a dramatic shift. Technology continues to intensify systemic unemployment, marginalize certain workers and make certain occupations redundant, such as manufacturing. Structural unemployment can be long-term and difficult to address as it needs either displacement or retraining.
Answer:
%variation 2011= 10%
%variation 2012= 20%
Explanation:
Giving the following information:
Gerard Company reported sales of $300,000 for 2010; $330,000 for 2011; and $360,000 for 2012.
The percentual variation is calculated by the following formula:
%variation(2010 year base)= [(sales 1 - sales 0)/sales 0]*100
%variation 2011= [(330,000 - 300,000)/300,000]*100= 10%
%variation 2012= [(360,000 - 300,000)/300,000]*100= 20%
Answer:
Predetermined manufacturing overhead rate= $76.27 per machine hour
Explanation:
Giving the following information:
Thomlin Company forecasts that total overhead for the current year will be $11,898,000 with 156,000 total machine hours.
<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 11,898,000 / 156,000
Predetermined manufacturing overhead rate= $76.27 per machine hour
